Cognition determines everything! [Very important]

The cryptocurrency world is a place where the poor get poorer and the rich get richer. There aren't many legends of striking it rich, nor are there that many newly wealthy individuals.

A rich person has 100 million, and he only holds spot assets, cashing out at a 20% profit, securing a guaranteed 20 million. If there isn’t a 20% profit, he holds on tightly.

A poor person has only 100,000. If he holds spot assets, even with a 20% profit, he only gains 20,000, which isn’t enough for living expenses. So, he can only play with leverage, treating his 100,000 as 1 million.

If he achieves a 20% profit, he would have 200,000 in returns, but the reality is harsh; it usually ends in liquidation.

There are also some poor individuals who have heard various tales of using a small effort to achieve great results, so they invest their money in speculative ventures, but in the end, 99.9999% of the time, it’s a dead end. That 0.0001% that survives is still uncertain whether it’s a real person or a project team’s insider trading.

Thus, it is still mainstream spot trading that can yield profits. As long as you hold on tightly until you make a profit, you will definitely make money in the end. Then, compounding will take over, and it doesn’t require a large investment; the power of compounding is limitless.

In fact, developing good trading habits and mindset, firmly controlling one’s desires and emotions is more important than how much money you make.